DryShips -- Presentation Material to Be Used at Today's Conference Call on the Fourth Quarter and Year-End 2006 Results

ATHENS, GREECE -- (MARKET WIRE) -- March 1, 2007 --DryShips Inc. (NASDAQ: DRYS) is holding today
Thursday, March 1, 2007 at 10.00 am EST, a conference call to discuss the
results for the fourth quarter and year-ended December 31, 2006, after the
market closed in New York.

The material to be used at this conference call and webcast can be accessed
as of 9:30 am EST today, March 1, 2007, on the company's website at
www.dryships.com, at the investor relations section under "presentations,"
or by clicking on the link below or copying and pasting this link in your
computer's browser:

Participants should dial into the call 10 minutes before the scheduled time
using the following numbers: 1(866) 819-7111 (from the US), 0(800) 953-0329
(from the UK) or +(44) 1452 542 301 (from outside the US). Please quote
"DryShips."

A replay of the conference call will be available until March 8th, 2007.

The United States replay number is 1(866) 247-4222; from the UK 0(800)
953-1533; the standard international replay number (+44) 1452-550 000 and
the access code required for the replay is: 2133051#.

Slides and audio webcast:

There will also be a simultaneous live webcast over the Internet, through
the DryShips, Inc. website (www.dryships.com). Participants to the live
webcast should register on the website approximately 10 minutes prior to
the start of the webcast.

DryShips Inc.'s common stock is listed on NASDAQ Global Market where it
trades under the symbol "DRYS."

Forward-Looking Statement

Matters discussed in this release may constitute forward-looking
statements. Forward-looking statements reflect our current views with
respect to future events and financial performance and may include
statements concerning plans, objectives, goals, strategies, future events
or performance, and underlying assumptions and other statements, which are
other than statements of historical facts.

The forward-looking statements in this release are based upon various
assumptions, many of which are based, in turn, upon further assumptions,
including without limitation, management's examination of historical
operating trends, data contained in our records and other data available
from third parties. Although DryShips Inc. believes that these assumptions
were reasonable when made, because these assumptions are inherently subject
to significant uncertainties and contingencies which are difficult or
impossible to predict and are beyond our control, DryShips Inc. cannot
assure you that it will achieve or accomplish these expectations, beliefs
or projections.

Important factors that, in our view, could cause actual results to differ
materially from those discussed in the forward-looking statements include
the strength of world economies and currencies, general market conditions,
including changes in charterhire rates and vessel values, changes in demand
that may affect attitudes of time charterers to scheduled and unscheduled
drydocking, changes in DryShips Inc.'s operating expenses, including bunker
prices, dry-docking and insurance costs, or actions taken by regulatory
authorities, potential liability from pending or future litigation,
domestic and international political conditions, potential disruption of
shipping routes due to accidents and political events or acts by
terrorists.

Risks and uncertainties are further described in reports filed by DryShips
Inc. with the US Securities and Exchange Commission.